Post bankruptcy, now with $100k. Where to start in RE?

[John R.]

What advice would you give this new investor?

I connected with a friend's sister recently who got into financial trouble via a money pit renovation project prior to/during the recession. She has recovered from that mess and now has some $ on hand, a pretty low cost of living (low-ish rent for her area, no car payment), and a small business that demands a lot of her time and attention. She wants to get started investing in real estate. She likely will not struggle with 'analysis paralysis'; she is pretty quick to take action. In fact, I'm hoping to help her avoid getting stymied by some early misstep in her enthusiasm to get started.

I suggested she start with education and networking...podcasts, the BP forums, books and local meet ups if she can find time for those...and to think about her business plan for carefully growing the nest egg she has worked so hard to earn back.

I've heard such stories on the podcast through the years but cannot recall which episodes nor do I know how to search that. And surely there are some hot threads on the topic that I don't know how to find!

Do you have any advice you would share with this enthusiastic new investor?